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PORT CITY COLOMBO HOSTS EXCLUSIVE NETWORKING SESSION WITH LORD MARLAND, CHAIRMAN OF COMMONWEALTH ENTERPRISE AND INVESTMENT COUNCIL

Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), on 19 th February 2024 at the Port City Colombo Sales Gallery.

Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s investment promotion drive, through CWEIC, to attract potential investors from across the Commonwealth and beyond.

State Minister of Investment Promotion, Hon. Dilum S. Amunugama, was also present at the event, along with a host of other dignitaries representing state and business interests.

During his welcome address, Lord Marland commended Sri Lanka’s resilience, enterprising nature, hospitality, and entrepreneurial spirit. Highlighting the current positive economic growth of 1.6%, he also expressed that Sri Lanka is ‘a nation on the move’, which is steadily pursuing the path of increased prosperity.

He underscored PCC’s significant progress in achieving key project milestones, including the marina promenade and other signature developments set to break ground in 2024 despite the past two challenging years, whilst extending support from CWEIC to position the project as a top investment destination. ‘Port City Colombo will be a winner for those who participate in it,’ were his concluding remarks.

Further insightful remarks were also delivered by State Minister Amunugama, Niro Cooke – Group Director of the Capital Maharaja Organisation Limited, who accentuated the close friendship and mandate of support that Lord Marland has always provided towards the nation of Sri Lanka, as well as Reyaz Mihular, Commission Member, Colombo Port City Economic Commission.

Among those present at PCC’s networking session with Lord Marland were representatives from Sri Lanka’s leading corporations, including John Keells Holdings PLC, SLASSCOM, the Securities and Exchange Commission (SEC) of Sri Lanka, Deloitte Consulting, and other distinguished invitees.

ABOUT PORT CITY COLOMBO

Poised to redefine Sri Lanka’s economic and societal landscape, Port City Colombo (PCC) is a visionary multi-billion dollar FDI-funded project located at the very heart of the South Asian region — the vibrant, thriving metropolis of Colombo in Sri Lanka. Positioned as the gateway to South Asia, it offers a unique combination of global investment opportunities, international business environments, world-class infrastructure, and sustainable yet cosmopolitan living.

As a Special Economic Zone (SEZ), PCC will feature a business-friendly environment including tax incentives and exemptions for a 25+ year period for Businesses of Strategic Importance (BSI’s), and transactions in foreign currencies, with no capital or exchange controls, and up to 100 percent foreign ownership. With upcoming developments such as the Port City Business Centre (PCBC), Colombo International Financial Centre (CIFC), the luxury yacht marina retail and lifestyle offerings projected to break ground in 2024, PCC aims to emulate the successful economic models of Dubai or Singapore, whilst reinforcing the broader commitment to sustainability and liveability.

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